The Credit Suisse Hedge Fund Index finished up 1.59 per cent for the month of October with all but one of the ten sub strategies ending the month in positive territory.

Managed futures (2.96 per cent), long/short equity (2.54 per cent and emerging markets (2.01 per cent) led the way while dedicated short bias (-1.65 per cent) was the only sub strategy to record a negative return.
 
The following funds were dropped from the Credit Suisse Hedge Fund Index in October: AT MLP Fund, BlackRock Agriculture Fund, Bristol Fund Ltd., Gramercy Emerging Markets Fund, and Gruber & McBaine International.
 
The following funds were added to the Credit Suisse Hedge Fund Index in October: Brevan Howard Commodities Strategies Fund, GAM World Invest Absolute Emerging, GLG Financials Fund, Peninsula Hedge CSHG FIC FIM, and Schroder GAIA Egerton Equity.